Poonawalla fincorp
Poonawalla fincorp

Hra calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2014 Dear sir,
Please guide how to calculate HRA in case of retired central govt. employee.What is the maximum limits for HRA for exemption in Income tax return
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 June 2014 retired officers only receive pension and no HRA. hence there is no exemption/deduction for rent paid component. you can only claim deduction under 80GG

deduction shall be least amount of the following :-

1) Rent paid minus 10 percent the adjusted total income.

2) Rs 2,000 per month.

3) 25 percent of the adjusted total income.
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Rupesh Jain

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Rupesh Jain (Expert)
21 June 2014 you can claim hra u/s 80GG as mention by MR Nikhil
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 yes aggred with nikhil............................

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